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The following information is from Ellerby Company's comparative balance sheets: The current year income statement reports depreciation expense on furniture of $23,000. During the year,

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The following information is from Ellerby Company's comparative balance sheets: The current year income statement reports depreciation expense on furniture of $23,000. During the year, furniture costing $57,500 was sold for its book value on December 31, Current Year. Complete the general ledger accounts to calculate cash recelved from the sale of furniture

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